{"id":55437,"date":"2023-12-01T18:45:36","date_gmt":"2023-12-01T17:45:36","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/microwelt-microsimulation-projection-of-full-generational-accounts-for-austria-and-spain\/"},"modified":"2024-11-07T06:23:36","modified_gmt":"2024-11-07T05:23:36","slug":"microwelt-microsimulation-projection-of-full-generational-accounts-for-austria-and-spain","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55437\/","title":{"rendered":"microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55437","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper studies the effect of population ageing on the inter- and intra-generational redistribution of income from a longitudinal perspective, comparing lifetime measures of income and transfers by generation, gender, education and family characteristics. For this end, we incorporate new disaggregated National Transfer Account (NTA) data and concepts of generational accounting into the dynamic microsimulation model microWELT. This bottom-up modelling strategy makes it possible to project, for each generation and socio-demographic group, the net present value of expected transfers. microWELT delivers detailed sociodemographic projections consistent with Eurostat population projections but additionally providing the required detail concerning the changes in the population composition by education and family characteristics. Also, the model allows incorporating mechanisms to balance budgets over time in response to population ageing. Our study compares the results for Spain and Austria. We find significant differences in the role of private and public transfers related to parenthood. While in both countries parents privately transfer substantially more money to others, the Austrian welfare state fully compensates for these differences through public transfers to parents. Such compensation is not observed in Spain.","onlinedate":"2020-11-12 12:00:00","lang":"English","publication_series":"","publication_date":"20201101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"21","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":385711,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"618","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2020-11-12 12:00:00","types":[44410],"research_groups":[3510],"collaboration":"","persons":[3749,3614,3717,15113,12427,12429,15115],"persons_data":"[{\"personId\":3749,\"personName\":\"Martin Spielauer\",\"organisationNames\":[]},{\"personId\":3614,\"personName\":\"Thomas Horvath\",\"organisationNames\":[]},{\"personId\":3717,\"personName\":\"Marian Fink\",\"organisationNames\":[]},{\"personId\":15113,\"personName\":\"Gemma Abio\",\"organisationNames\":[]},{\"personId\":12427,\"personName\":\"Guadalupe Souto Nieves\",\"organisationNames\":[]},{\"personId\":12429,\"personName\":\"Concepci\u00f3 Patxot\",\"organisationNames\":[]},{\"personId\":15115,\"personName\":\"Tanja Isteni\u010d\",\"organisationNames\":[]}]","clients":[10672,10704],"subclients":[],"partners":[8870,8957,8958,8959],"topics":[40736],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Spielauer, M.<\\\/span><span>, Horvath, T.<\\\/span><span>, Fink, M.<\\\/span>, Abio, G., Souto Nieves, G., Patxot, C., &amp; Isteni\u010d, T. (2020). <span>microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (618). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66611\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66611<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Spielauer M<\\\/span><span>, Horvath T<\\\/span><span>, Fink M<\\\/span>, Abio G, Souto Nieves G, Patxot C et al. <span class=\\\"title\\\"><span>microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2020 Nov;(618).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{3fa064028e904a60ab7524c23efdf355,<\\\/div><div>  title    = \\\"microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain\\\",<\\\/div><div>  abstract = \\\"This paper studies the effect of population ageing on the inter- and intra-generational redistribution of income from a longitudinal perspective, comparing lifetime measures of income and transfers by generation, gender, education and family characteristics. For this end, we incorporate new disaggregated National Transfer Account (NTA) data and concepts of generational accounting into the dynamic microsimulation model microWELT. This bottom-up modelling strategy makes it possible to project, for each generation and socio-demographic group, the net present value of expected transfers. microWELT delivers detailed sociodemographic projections consistent with Eurostat population projections but additionally providing the required detail concerning the changes in the population composition by education and family characteristics. Also, the model allows incorporating mechanisms to balance budgets over time in response to population ageing. Our study compares the results for Spain and Austria. We find significant differences in the role of private and public transfers related to parenthood. While in both countries parents privately transfer substantially more money to others, the Austrian welfare state fully compensates for these differences through public transfers to parents. Such compensation is not observed in Spain.\\\",<\\\/div><div>  keywords = \\\"Microsimulation, Education, Demographic Change, National Transfer Accounts\\\",<\\\/div><div>  author   = \\\"Martin Spielauer and Thomas Horvath and Marian Fink and Gemma Abio and \\\\{Souto Nieves\\\\}, Guadalupe and Concepci{\\\\'o} Patxot and Tanja Isteni{\\\\v c}\\\",<\\\/div><div>  note     = \\\"microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain<\\\/p><p>AU  - Spielauer, Martin<\\\/p><p>AU  - Horvath, Thomas<\\\/p><p>AU  - Fink, Marian<\\\/p><p>AU  - Abio, Gemma<\\\/p><p>AU  - Souto Nieves, Guadalupe<\\\/p><p>AU  - Patxot, Concepci\u00f3<\\\/p><p>AU  - Isteni\u010d, Tanja<\\\/p><p>N1  - microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain<\\\/p><p>PY  - 2020\\\/11<\\\/p><p>Y1  - 2020\\\/11<\\\/p><p>N2  - This paper studies the effect of population ageing on the inter- and intra-generational redistribution of income from a longitudinal perspective, comparing lifetime measures of income and transfers by generation, gender, education and family characteristics. For this end, we incorporate new disaggregated National Transfer Account (NTA) data and concepts of generational accounting into the dynamic microsimulation model microWELT. This bottom-up modelling strategy makes it possible to project, for each generation and socio-demographic group, the net present value of expected transfers. microWELT delivers detailed sociodemographic projections consistent with Eurostat population projections but additionally providing the required detail concerning the changes in the population composition by education and family characteristics. Also, the model allows incorporating mechanisms to balance budgets over time in response to population ageing. Our study compares the results for Spain and Austria. We find significant differences in the role of private and public transfers related to parenthood. While in both countries parents privately transfer substantially more money to others, the Austrian welfare state fully compensates for these differences through public transfers to parents. Such compensation is not observed in Spain.<\\\/p><p>AB  - This paper studies the effect of population ageing on the inter- and intra-generational redistribution of income from a longitudinal perspective, comparing lifetime measures of income and transfers by generation, gender, education and family characteristics. For this end, we incorporate new disaggregated National Transfer Account (NTA) data and concepts of generational accounting into the dynamic microsimulation model microWELT. This bottom-up modelling strategy makes it possible to project, for each generation and socio-demographic group, the net present value of expected transfers. microWELT delivers detailed sociodemographic projections consistent with Eurostat population projections but additionally providing the required detail concerning the changes in the population composition by education and family characteristics. Also, the model allows incorporating mechanisms to balance budgets over time in response to population ageing. Our study compares the results for Spain and Austria. We find significant differences in the role of private and public transfers related to parenthood. While in both countries parents privately transfer substantially more money to others, the Austrian welfare state fully compensates for these differences through public transfers to parents. Such compensation is not observed in Spain.<\\\/p><p>KW  - Microsimulation<\\\/p><p>KW  -  Education<\\\/p><p>KW  -  Demographic Change<\\\/p><p>KW  -  National Transfer Accounts<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>microWELT: Microsimulation Projection of Full Generational Accounts for Austria and Spain - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/55437\/\" 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